Hebert Robert P 4

4 · BENTLEY PHARMACEUTICALS INC · Filed Jul 24, 2008

Insider Transaction Report

Form 4

Period: 2008-07-22

BENTLEY PHARMACEUTICALS INCBNT

Hebert Robert P

Other

Transactions

Disposition to Issuer
Option (Right to Buy)
2008-07-22−3,333→ 0 total
Exercise: $6.79From: 2006-04-06Exp: 2015-04-06→ Common Stock, $0.02 par value (3,333 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−3,334→ 0 total
Exercise: $6.79From: 2008-04-06Exp: 2015-04-06→ Common Stock, $0.02 par value (3,334 underlying)
Disposition to Issuer
Restricted Stock Units
2008-07-22−3,718→ 0 total
From: 2008-07-22→ Common Stock, $0.02 par value (3,718 underlying)
Disposition to Issuer
Common Stock, $0.02 par value
2008-07-22$14.82/sh−2,192$32,478→ 0 total
Disposition to Issuer
Common Stock, $0.02 par value
2008-07-22$14.82/sh−5,947$88,114→ 0 total(indirect: By 401(k))
Disposition to Issuer
Option (Right to Buy)
2008-07-22−5,000→ 0 total
Exercise: $11.31From: 2005-05-01Exp: 2014-05-01→ Common Stock, $0.02 par value (5,000 underlying)
Disposition to Issuer
Option (Right to Buy)
2008-07-22−5,500→ 0 total
Exercise: $9.22From: 2004-05-21Exp: 2013-05-21→ Common Stock, $0.02 par value (5,500 underlying)

Footnotes (10)

[F1]Disposed of in connection with the merger of Beryllium Merger Corporation ("Acquisition Sub") with and into Bentley Pharmaceuticals, Inc. ("Bentley"), effective July 22, 2008 (the "Effective Time"), (the "Merger"), pursuant to the Agreement and Plan of Merger, dated as of March 31, 2008, by and among Bentley, Teva Pharmaceutical Industries, Ltd. and Acquisition Sub (the "Merger Agreement"). In connection with the Merger, each share of Common Stock listed in Table I was exchanged for the right to receive $14.8165, per share in cash.
[F10]Restricted Stock Units were granted under the terms of the Company's Amended and Restated 2005 Equity and Incentive Plan. Pursuant to the terms of the Merger Agreement, all restricted stock units, whether or not vested at the Effective Time, became, as of the Effective Time fully vested.
[F2]This option was cancelled in the Merger in exchange for a cash payment $30,784.05, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F3]This option was cancelled in the Merger in exchange for a cash payment $30,784.05, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F4]This option was cancelled in the Merger in exchange for a cash payment $17,517.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F5]This option was cancelled in the Merger in exchange for a cash payment $17,517.50, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F6]This option was cancelled in the Merger in exchange for a cash payment $26,765.66, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F7]This option was cancelled in the Merger in exchange for a cash payment $26,765.66, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F8]This option was cancelled in the Merger in exchange for a cash payment $26,773.69, representing the difference between the exercise price of the option and the merger consideration per share ($14.8165) multiplied by the total number of shares of Common Stock underlying the option.
[F9]In connection with the Merger, each Restricted Stock Unit was converted into the right to receive $14.8165 per share in cash.

Documents

1 file

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doc4.xmlPrimary
FORM 4 SUBMISSION